无锡银行(600908) - 2023 Q1 - 季度财报

Financial Performance - Operating revenue for Q1 2023 reached RMB 1,241,972,000, an increase of 3.65% compared to the same period last year[8]. - Net profit attributable to shareholders was RMB 547,415,000, reflecting a growth of 23.18% year-on-year[8]. - Basic earnings per share were RMB 0.25, up by 4.17% from the previous year[8]. - Net profit for Q1 2023 was CNY 550,929 thousand, a rise of 23.2% from CNY 446,979 thousand in Q1 2022[28]. - Total operating revenue for Q1 2023 reached CNY 1,241,972 thousand, an increase of 3.6% compared to CNY 1,198,281 thousand in Q1 2022[28]. - Total operating revenue for Q1 2023 was $1,228,143 million, an increase of 3.7% compared to $1,183,468 million in Q1 2022[45]. - The company reported a total comprehensive income of $541,804 million for Q1 2023, compared to $438,777 million in Q1 2022, an increase of 23.5%[48]. Cash Flow and Investments - Net cash flow from operating activities surged to RMB 9,631,965,000, marking a significant increase of 244.41%[8]. - Cash flow from operating activities increased significantly to $9,607,526 million, compared to $2,833,503 million in Q1 2022[52]. - The net cash flow from investment activities was -4,938,569 in Q1 2023, a decline from 219,510 in Q1 2022, indicating a negative shift in investment cash flow[34]. - The net cash flow from investing activities was negative at -$4,938,568 million, compared to a positive cash flow of $219,537 million in Q1 2022[52]. - Total cash inflow from investment activities reached 78,463,463 in Q1 2023, compared to 35,971,698 in Q1 2022, marking an increase of about 118%[34]. Assets and Liabilities - Total assets at the end of Q1 2023 amounted to RMB 226,516,839,000, representing a 7.05% increase from the end of the previous year[10]. - The total assets as of March 31, 2023, amounted to 225,316,769, an increase from 210,405,962 at the end of 2022, representing a growth of approximately 7.1%[40]. - The total liabilities increased to CNY 206,447,752 thousand, up from CNY 192,083,292 thousand at the end of 2022, reflecting a growth of 7.5%[23]. - The total liabilities increased to 205,408,279 as of March 31, 2023, compared to 191,039,277 at the end of 2022, indicating a rise of about 7.5%[41]. - Total assets increased to CNY 226,516,839 thousand as of March 31, 2023, up from CNY 211,603,401 thousand at the end of 2022, representing a growth of 7.0%[22][23]. Equity and Capital Ratios - The total equity attributable to shareholders increased to RMB 19,927,920,000, a rise of 2.81% compared to the end of the previous year[10]. - The company's total equity rose to CNY 20,069,087 thousand, compared to CNY 19,520,109 thousand at the end of 2022, marking an increase of 2.8%[23]. - The company’s total equity as of March 31, 2023, was 19,908,490, up from 19,366,685 at the end of 2022, indicating an increase of about 2.8%[41]. - The core Tier 1 capital adequacy ratio improved to 11.09% as of March 31, 2023, from 10.97% as of December 31, 2022[65]. - The total capital adequacy ratio was 14.25% as of March 31, 2023, slightly down from 14.75% as of December 31, 2022[65]. Asset Quality and Performance Metrics - The weighted average return on equity decreased to 12.40%, down by 0.28 percentage points year-on-year[8]. - The company reported a decrease in credit impairment losses to CNY 302,233 thousand, down from CNY 410,552 thousand year-over-year, indicating improved asset quality[28]. - The non-performing loan ratio decreased to 0.78% as of March 31, 2023, down from 0.81% as of December 31, 2022[65]. - The average return on total assets rose to 1.01% as of March 31, 2023, compared to 0.97% as of December 31, 2022[65]. - The cost-to-income ratio improved to 25.47% as of March 31, 2023, from 30.98% as of December 31, 2022[65]. Strategic Focus - The company plans to continue focusing on market expansion and enhancing its product offerings to drive future growth[24].